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expiredg8trb8 posted Apr 21, 2024 05:03 AM
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expiredg8trb8 posted Apr 21, 2024 05:03 AM

Select Colorado Hyundai Dealerships: 24-Mo Lease on 2024 IONIQ SEL AWD Electric SUV

& More

$225 down + $225 per month

Hyundai
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Deal Details
Note: We are only able to verify this deal for select Colorado Hyundai Dealerships (includes state-specific credits), but we are promoting this deal on the Frontpage due to positive community feedback; check your local dealership for lease specials available in your area.

Select Colorado Hyundai Dealerships are offering a 24-Month Lease on 2024 Hyundai IONIQ SEL Electric SUV as listed below. This offer is limited to select locations/dealerships only.

Thanks to Community Members g8trb8 & golemchamp for posting this deal.

Example deals:
  • Schomp Hyundai (Aurora, Colorado)
    • 24-Month Lease on 2024 Hyundai IONIQ SEL AWD Electric SUV $225 down + $225 per month
  • McDonald Hyundai (Englewood, Colorado)
    • 24-Month Lease on 2024 Hyundai IONIQ SEL AWD Electric SUV $225 down + $225 per month
  • Phil Long Hyundai (Colorado Springs, Colorado)
    • 24-Month Lease on 2024 Hyundai IONIQ SEL AWD Electric SUV $225 down + $225 per month
  • Arapahoe Hyundai (Centennial, Colorado)
    • 24-Month Lease on 2024 Hyundai IONIQ SEL Electric SUV $0 down + $199 per month
      • Note: Arapahoe terms say "select models" and do not specify if this applies to RWD or AWD model

Editor's Notes

Written by StrawMan86 | Staff
  • Terms (terms will vary by dealer/region):
    • Schomp Hyundai (Aurora, Colorado), McDonald Hyundai (Englewood, Colorado), and Phil Long Hyundai (Colorado Springs, Colorado):
      • Includes $10,000 EV Lease Bonus and $5,350 Colorado Tax Credit.
      • Lease a 2024 Hyundai IONIQ SEL AWD for $225 per month. $225 due at lease signing for 24 months. Lease offer based on MSRP of $52,480 for 2024 IONIQ 5 SEL AWD (model #50442AEZ) with freight. Excludes registration, tax, title and license.
      • Closed end lease for 2024 IONIQ 5 SEL AWD offered through Hyundai Motor Finance (HMF) and subject to credit approval. Well-qualified lessees only. Lease offer includes application of $10,000 EV Lease Bonus and $5,350 Colorado Innovative Motor Vehicle Tax Credit resulting in a net capitalized cost of $37,759 and not available for cash. Net capitalized cost includes $650 acquisition fee. Dealer contribution may vary and could affect actual lease payment.
      • Available on new 2024 IONIQ 5 SEL AWD vehicles in dealer stock only. At lease end, lessee responsible for excess wear and mileage at $.20/mile over 30,000 miles. Low mileage lease. Lesser has option to purchase at lease-and price negotiated at signing. Colorado residents who are eligible for Colorado's Innovative Motor Vehicle Tax Credit may assign their $5,000 state tax credit to HMF in exchange for a credit of $5,350 ($5,600 state tax credit less a $250 processing fee) when leasing a new 2024 IONIQ5 SEL AWD from retail stock at a participating Colorado dealer.
      • Vehicle must be titled and registered in Colorado.
      • Lease term must be at least 24 months. By assigning the state tax credit, customer forfeits their right to claim the credit on their income tax return. Tax credits are not within Hyundai's control and are subject to change and/or expire without notice.
      • Not all buyers will qualify. Higher finance rates apply for qualified buyers with lower credit ratings. Tax, title, and license extra. These offers may not be combined with other offers unless specified.
      • Must take delivery from new dealer stock and execute lease or purchase contract by 4/30/2024, See participating Colorado Hyundai dealer for details and vehicle inventory availability. Offer ends 4/30/2024.
    • Arapahoe Hyundai (Centennial, Colorado)
      • Lease select 2024 IONIQ 5 models for $199 per month for 24 months with $0 due at lease signing.
      • Example Stock #AHC240576.
      • Excludes registration, tax, title and license. Closed-end leases available from 3/19/2024 to 4/30/2024, to well-qualified lessees approved by Hyundai Motor Finance.
      • Lessee must qualify for total rebates of $15,350 to qualify for offer. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings.
      • No security deposit required. MSRP example of $52,660 includes destination, excludes tax, license, title, registration, documentation fees, options, insurance and the like. Actual net capitalized cost includes $650 acquisition fee. Dealer contribution may vary and could affect actual lease payment. Total monthly payments $4,776.
      • Option to purchase at lease end for pre-negotiated amount.
      • Lessee is responsible for third-party fees. Third-party fees vary by state or locality. Lessee is also responsible for insurance, maintenance, repairs, $.20 per mile over 12,000 miles/year, excess wear, and a $400 disposition fee is subject to state law limitations. The amount of 2 times the base monthly lease payment or $400, whichever is less. Must take new retail delivery on vehicle from dealer stock by 4/30/2024.
      • See your local Hyundai dealer for details.
      • Total Savings Offer: Some restrictions apply. Not all buyers qualify. Must qualify for all incentives and rebates. HMF Bonus Cash available on all 2024 Hyundai IONIQ 5 vehicles purchased from dealer stock between between 3/1/2024 and 4/30/2024. Customers who participate in a Special Lease or Low APR program through Hyundai Motor Finance (HMF) do not qualify for Retail Bonus Cash. See participating dealer for details. Retail Bonus Cash offer ends 4/30/2024. Hyundai Motor America reserves the sole right to cancel, amend or revoke any incentive program in full or in part for any reason at any time without incurring liability. Hyundai Motor America reserves the sole right to interpret these rules and shall not be bound by any previous interpretations made by Hyundai Motor America before or during the program.
      • Must take delivery from new retail stock by 4/30/2024.
      • Please see your Hyundai dealer Retailer for full offer details.
  • Get 1%-5% cash back on deals like this with a cash back credit card. Compare the available cash back credit cards here.
  • Refer to the original post & forum comments for additional details & discussion.

Original Post

Written by g8trb8
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Note: We are only able to verify this deal for select Colorado Hyundai Dealerships (includes state-specific credits), but we are promoting this deal on the Frontpage due to positive community feedback; check your local dealership for lease specials available in your area.

Select Colorado Hyundai Dealerships are offering a 24-Month Lease on 2024 Hyundai IONIQ SEL Electric SUV as listed below. This offer is limited to select locations/dealerships only.

Thanks to Community Members g8trb8 & golemchamp for posting this deal.

Example deals:
  • Schomp Hyundai (Aurora, Colorado)
    • 24-Month Lease on 2024 Hyundai IONIQ SEL AWD Electric SUV $225 down + $225 per month
  • McDonald Hyundai (Englewood, Colorado)
    • 24-Month Lease on 2024 Hyundai IONIQ SEL AWD Electric SUV $225 down + $225 per month
  • Phil Long Hyundai (Colorado Springs, Colorado)
    • 24-Month Lease on 2024 Hyundai IONIQ SEL AWD Electric SUV $225 down + $225 per month
  • Arapahoe Hyundai (Centennial, Colorado)
    • 24-Month Lease on 2024 Hyundai IONIQ SEL Electric SUV $0 down + $199 per month
      • Note: Arapahoe terms say "select models" and do not specify if this applies to RWD or AWD model

Editor's Notes

Written by StrawMan86 | Staff
  • Terms (terms will vary by dealer/region):
    • Schomp Hyundai (Aurora, Colorado), McDonald Hyundai (Englewood, Colorado), and Phil Long Hyundai (Colorado Springs, Colorado):
      • Includes $10,000 EV Lease Bonus and $5,350 Colorado Tax Credit.
      • Lease a 2024 Hyundai IONIQ SEL AWD for $225 per month. $225 due at lease signing for 24 months. Lease offer based on MSRP of $52,480 for 2024 IONIQ 5 SEL AWD (model #50442AEZ) with freight. Excludes registration, tax, title and license.
      • Closed end lease for 2024 IONIQ 5 SEL AWD offered through Hyundai Motor Finance (HMF) and subject to credit approval. Well-qualified lessees only. Lease offer includes application of $10,000 EV Lease Bonus and $5,350 Colorado Innovative Motor Vehicle Tax Credit resulting in a net capitalized cost of $37,759 and not available for cash. Net capitalized cost includes $650 acquisition fee. Dealer contribution may vary and could affect actual lease payment.
      • Available on new 2024 IONIQ 5 SEL AWD vehicles in dealer stock only. At lease end, lessee responsible for excess wear and mileage at $.20/mile over 30,000 miles. Low mileage lease. Lesser has option to purchase at lease-and price negotiated at signing. Colorado residents who are eligible for Colorado's Innovative Motor Vehicle Tax Credit may assign their $5,000 state tax credit to HMF in exchange for a credit of $5,350 ($5,600 state tax credit less a $250 processing fee) when leasing a new 2024 IONIQ5 SEL AWD from retail stock at a participating Colorado dealer.
      • Vehicle must be titled and registered in Colorado.
      • Lease term must be at least 24 months. By assigning the state tax credit, customer forfeits their right to claim the credit on their income tax return. Tax credits are not within Hyundai's control and are subject to change and/or expire without notice.
      • Not all buyers will qualify. Higher finance rates apply for qualified buyers with lower credit ratings. Tax, title, and license extra. These offers may not be combined with other offers unless specified.
      • Must take delivery from new dealer stock and execute lease or purchase contract by 4/30/2024, See participating Colorado Hyundai dealer for details and vehicle inventory availability. Offer ends 4/30/2024.
    • Arapahoe Hyundai (Centennial, Colorado)
      • Lease select 2024 IONIQ 5 models for $199 per month for 24 months with $0 due at lease signing.
      • Example Stock #AHC240576.
      • Excludes registration, tax, title and license. Closed-end leases available from 3/19/2024 to 4/30/2024, to well-qualified lessees approved by Hyundai Motor Finance.
      • Lessee must qualify for total rebates of $15,350 to qualify for offer. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings.
      • No security deposit required. MSRP example of $52,660 includes destination, excludes tax, license, title, registration, documentation fees, options, insurance and the like. Actual net capitalized cost includes $650 acquisition fee. Dealer contribution may vary and could affect actual lease payment. Total monthly payments $4,776.
      • Option to purchase at lease end for pre-negotiated amount.
      • Lessee is responsible for third-party fees. Third-party fees vary by state or locality. Lessee is also responsible for insurance, maintenance, repairs, $.20 per mile over 12,000 miles/year, excess wear, and a $400 disposition fee is subject to state law limitations. The amount of 2 times the base monthly lease payment or $400, whichever is less. Must take new retail delivery on vehicle from dealer stock by 4/30/2024.
      • See your local Hyundai dealer for details.
      • Total Savings Offer: Some restrictions apply. Not all buyers qualify. Must qualify for all incentives and rebates. HMF Bonus Cash available on all 2024 Hyundai IONIQ 5 vehicles purchased from dealer stock between between 3/1/2024 and 4/30/2024. Customers who participate in a Special Lease or Low APR program through Hyundai Motor Finance (HMF) do not qualify for Retail Bonus Cash. See participating dealer for details. Retail Bonus Cash offer ends 4/30/2024. Hyundai Motor America reserves the sole right to cancel, amend or revoke any incentive program in full or in part for any reason at any time without incurring liability. Hyundai Motor America reserves the sole right to interpret these rules and shall not be bound by any previous interpretations made by Hyundai Motor America before or during the program.
      • Must take delivery from new retail stock by 4/30/2024.
      • Please see your Hyundai dealer Retailer for full offer details.
  • Get 1%-5% cash back on deals like this with a cash back credit card. Compare the available cash back credit cards here.
  • Refer to the original post & forum comments for additional details & discussion.

Original Post

Written by g8trb8

Community Voting

Deal Score
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Top Comments

bugnuts
334 Posts
50 Reputation
Located in WI, and it was $3,499 due at signing
Gameross
6189 Posts
903 Reputation
Google AI says: "Yes, lenders can consider immigration status when underwriting loans, and visa holders may be considered more risky than citizens. This is because immigration status can correlate with national origin, which is protected under the Equal Credit Opportunity Act (ECOA). Lenders can consider immigration status to assess their rights or remedies to recover funds, or if otherwise required to comply with other laws. For example, if a visa expires and the borrower must leave the country, the lender would be unable to recover the balance due on a loan."
g8trb8
199 Posts
298 Reputation
I chose to do a 1 pay lease and just pay everything at signing. I also had offers for roughly the same total price with $0 down $254 per month, $1k down $207 per month, and $2k down $161 per month. Admittedly those are slightly better than the $6k upfront but they didn't come with the extra $2k in options which I chose to use on lease end protection and tire/wheel protection

813 Comments

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Apr 21, 2024 05:45 PM
2,532 Posts
Joined Mar 2012
stanclaveApr 21, 2024 05:45 PM
2,532 Posts
Like many of the Hyundai designs but these EV designs are lame and they shouldn't be called as SUV ! Politely call it as Hatchback!!
1
1
Apr 21, 2024 05:58 PM
113 Posts
Joined Nov 2014
seregaknorrr1Apr 21, 2024 05:58 PM
113 Posts
Quote from g8trb8 :
No the total of the actual "lease payments" excluding taxes and fees was $4388.16. Adding all taxes and fees brought it to $6006.62 which I chose to just pay off all at once so I have no monthly payments now.

Taxes went up about $1k per year compared to a CR-V.
So you paid 6k to drive a car for a little bit and gave it back? Or what happened?
1
2
Apr 21, 2024 06:02 PM
1,574 Posts
Joined Apr 2016
RontronApr 21, 2024 06:02 PM
1,574 Posts
In MA it needs to be a 3 year lease for rebates
Apr 21, 2024 06:03 PM
39 Posts
Joined Jul 2016
WarlockLordApr 21, 2024 06:03 PM
39 Posts
Quote from UniqueSoda2365 :
How did you find this out? Also in CT - trying to figure out if this is worth it.

And where TF is OP seeing $225 a month AND 225 down? Thats insane. Is CO the only state to offer it?
Strange... I do see this being offered in CT on the Hyundai website AND CT residents should qualify for the CHEAPR rebate, with some being eligible.for.CHEAPR+NEW, which I would think would cover the required money down, but I've never worked with that program before so I'm not sure of the specifics.
Last edited by WarlockLord April 21, 2024 at 12:38 PM.
Apr 21, 2024 06:05 PM
370 Posts
Joined Apr 2019
FancyFruit746Apr 21, 2024 06:05 PM
370 Posts
Anything offered for purchase rather than lease?
Apr 21, 2024 06:06 PM
1,834 Posts
Joined Aug 2011
DJRobNMApr 21, 2024 06:06 PM
1,834 Posts
Quote from FantasticHeart6731 :
Never leased before but curious what other SDers would do at the end of 2 yrs? Let's say I trade in my car with an outstanding loan and get lucky and walk away with 6k that covers this lease for 2 years. When it's time to return or buy, I'm left without a vehicle and have to do new lease or buy new subject to prices at that time. Is leasing slick or not?
I got one of these last week and my guess is at the end of the two year lease they will have to reduce the buyout price because of how much EVs will advanced by then.

it's slick because I paid very little and I don't own a another depreciating asset.
Apr 21, 2024 06:12 PM
12,141 Posts
Joined Aug 2008
SlimeyfaceApr 21, 2024 06:12 PM
12,141 Posts
Quote from desi_babu_2010 :
i like 1 pay deal.
much better deal.
less $ in long run.
if one cannot afford to pay it all up front. probably shldnt be doing a ev lease anyways.

The best deal is having the cash available and paying the lease over time.


Ca$h is KING.

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Apr 21, 2024 06:16 PM
92 Posts
Joined Sep 2013
JoshW9137Apr 21, 2024 06:16 PM
92 Posts
Quote from Lilyly :
you dont ask about car insurance for an ev? it requires a premium full coverage highend electric car insurance for an ev lease. come out its about as much as your monthly lease. so basically double of what your seeing.
What? We pay ~$700/year for a Polestar 2 with $0 comprehensive and $500 collision deductibles
1
Apr 21, 2024 06:22 PM
12 Posts
Joined Nov 2016
DeasNApr 21, 2024 06:22 PM
12 Posts
Quote from g8trb8 :
I chose to do a 1 pay lease and just pay everything at signing. I also had offers for roughly the same total price with $0 down $254 per month, $1k down $207 per month, and $2k down $161 per month. Admittedly those are slightly better than the $6k upfront but they didn't come with the extra $2k in options which I chose to use on lease end protection and tire/wheel protection
May I ask what lease end protection is?
Apr 21, 2024 06:23 PM
12 Posts
Joined Nov 2016
DeasNApr 21, 2024 06:23 PM
12 Posts
Quote from JoshW9137 :
What? We pay ~$700/year for a Polestar 2 with $0 comprehensive and $500 collision deductibles
What state and Insurance co may I ask?
Apr 21, 2024 06:26 PM
92 Posts
Joined Sep 2013
JoshW9137Apr 21, 2024 06:26 PM
92 Posts
Quote from DeasN :
What state and Insurance co may I ask?
State Farm, New Hampshire. When we lived in Boston it was $1900 per year but that was only $200/year more than our 5 year older gas Volvo, so while yes New Hampshire is cheap for insurance, in my experience an electric car hasn't been more to insure.
1
Apr 21, 2024 06:27 PM
305 Posts
Joined Feb 2009
AuztinApr 21, 2024 06:27 PM
305 Posts

Our community has rated this post as helpful. If you agree, why not thank Auztin

Seems there are a lot of people here who have never negotiated a lease. If you email/call/show up and ask "how much to lease X?" - you're going to get shafted.

Go on Edmund's lease forums and find what lease/bonus cash is available in your area. Also use that forum to find the prime money factor (lease interest rate) and residual. Do some research to see what the car is actually selling for - I always start with at least 10% off of MSRP.

Go to local dealership websites and find specific vehicles - noting the specific stock number.

Use this info to built a lease deal using the calculator on leasehacker.

Contact the dealer and make an offer. "Greetings I see the 2024 Hyundai online - stock number XXXXX. Based on the numbers and lease cash available I'd like to make an offer of $X per month for 24/36 month lease with only first payment due at signing. Let me know and I can come by later today to do the paper work."

I have signed some insane deals over the years using this basic framework. The info these days is so readily available. Use it! Haggle! Good luck!
1
Apr 21, 2024 06:29 PM
3 Posts
Joined Aug 2022
VioletRailway780Apr 21, 2024 06:29 PM
3 Posts
Isn't anyone worried about the value of these dropping significantly? In a lease aren't u responsible for the different at the end
3
Apr 21, 2024 06:31 PM
92 Posts
Joined Sep 2013
JoshW9137Apr 21, 2024 06:31 PM
92 Posts
Quote from VioletRailway780 :
Isn't anyone worried about the value of these dropping significantly? In a lease aren't u responsible for the different at the end
Only if you plan to buy it out at the end. Most people turn them in.

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Original Poster
Apr 21, 2024 06:32 PM
199 Posts
Joined May 2017
g8trb8
Original Poster
Apr 21, 2024 06:32 PM
199 Posts
Quote from seregaknorrr1 :
So you paid 6k to drive a car for a little bit and gave it back? Or what happened?
Essentially yes. Pay $6k, drive the car for 2 years then give it back. When factoring in depreciation, gas, and maintenance, it ended up being essentially the same 2 year cost to own as a 2017 CR-V

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